MEPs set to approve Recovery and Resilience Facility to curb effects of pandemic
On Tuesday, Parliament will discuss and vote on the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic.
With €672.5 billion in grants and loans available to finance national measures that mitigate the economic and social consequences of the pandemic, the Recovery and Resilience Facility (RRF) is the biggest building block of the Next Generation EU recovery package. The text was provisionally agreed between Parliament and Council in December 2020.
To be eligible for financing, national recovery and resilience plans must focus on key EU policy areas - the green transition including biodiversity, digital transformation, economic cohesion and competitiveness, and social and territorial cohesion. Those that focus on institutional reaction to crisis and crisis preparedness, as well as policies for children and youth, including education and skills, are also eligible for financing.
Projects related to the economic and social consequences of the COVID-19 crisis that began on or after 1 February 2020 can be financed by the RRF.
Procedure: ordinary legislative procedure, first reading agreement
Debate Tuesday, 9 February
Vote: Tuesday, 9 February , results Wednesday 10 February